Nike earnings show it's losing China. The stock falls 10%

Nike stock tanked about 10% on Friday, despite posting quarterly earnings on Thursday that surpassed Wall Street's estimates. For the quarter ending Nov. 30, 2025, the retail giant reported $12.4 billion in revenue, a year-over-year increase of about 1% after a series of declines. Earnings per share came in at $0.53. Both revenue and earnings sit comfortably above consensus estimates from LSEG of around $12.1 billion and $0.37, respectively. While Nike beat analysts' forecasts, digging beneath the top l ...